Hamilton Claims Solutions Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08542107 (England and Wales)

Hamilton Claims Solutions Ltd

Unaudited Financial Statements

for the Year Ended 31 May 2021

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Cooper

S Copeland

P H Williams

SECRETARY:

P H Williams

REGISTERED OFFICE:

Office 5, Amber Business Centre

4 Mercury Park, Amber Close

Amington

Tamworth

Staffordshire

B77 4RP

REGISTERED NUMBER:

08542107 (England and Wales)

ACCOUNTANTS:

Haines Watts

Sterling House

97 Lichfield Street

Tamworth

Staffordshire

B79 7QF

FIXED ASSETS

Tangible assets

4

1,768

-

Investments

5

1,002

1,002

2,770

1,002

CURRENT ASSETS

Debtors

6

71,831

49,879

Cash at bank and in hand

116,091

32,912

187,922

82,791

CREDITORS

Amounts falling due within one year

7

65,346

47,718

NET CURRENT ASSETS

122,576

35,073

TOTAL ASSETS LESS CURRENT LIABILITIES

125,346

36,075

CREDITORS

Amounts falling due after more than one year

8

43,333

-

NET ASSETS

82,013

36,075

CAPITAL AND RESERVES

Called up share capital

9

85

85

Share premium

2,316

2,316

Retained earnings

79,612

33,674

SHAREHOLDERS' FUNDS

82,013

36,075

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 February 2022 and were signed on its behalf by:

P H Williams - Director

1.	STATUTORY INFORMATION

Hamilton Claims Solutions Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Coronavirus Job Retention scheme grant monies received during the year are accounted for under the accruals basis and recognised in other operating income.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2020 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

leasehold

fittings

Totals

£

£

£

COST

At 1 June 2020

1,787

9,265

11,052

Additions

-

1,899

1,899

At 31 May 2021

1,787

11,164

12,951

DEPRECIATION

At 1 June 2020

1,787

9,265

11,052

Charge for year

-

131

131

At 31 May 2021

1,787

9,396

11,183

NET BOOK VALUE

At 31 May 2021

-

1,768

1,768

At 31 May 2020

-

-

-

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 June 2020

and 31 May 2021

1,002

NET BOOK VALUE

At 31 May 2021

1,002

At 31 May 2020

1,002

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Veracity Claims Limited

Country of incorporation: England and Wales

Nature of business: Dormant company

%

Class of shares: holding

Ordinary 100%

2019

2018

£

£

Aggregate capital and reserves

1,000

1,000

DRA Realisations Limited

Country of incorporation: England and Wales

Nature of business: Financial management

%

Class of shares: holding

Ordinary 1%

2019

2018

£

£

Aggregate capital and reserves

1

1

BLD Realisations Limited

Country of incorporation: England and Wales

Nature of business: Financial management

%

Class of shares: holding

Ordinary 1%

2019

2018

£

£

Aggregate capital and reserves

1

1

Total investments

1,002

1,002

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

62,123

37,278

Other debtors

9,708

12,601

71,831

49,879

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts

6,667

-

Trade creditors

8,233

9,007

Amounts owed to group undertakings

985

985

Taxation and social security

23,902

21,566

Other creditors

25,559

16,160

65,346

47,718

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Bank loans

43,333

-

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

3,333

-

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

85

Ordinary

1

85

85

10.	OTHER FINANCIAL COMMITMENTS

At 31 May 2021 the company was committed to making the following payments under non-cancellable operating leases in the year to 31 May 2022:

2021

2020

£

£

Operating leases which expire:

Less than one year

10,500

21,500

Between two and five years

-

35,750

10,500

57,250

11.	ULTIMATE CONTROLLING PARTY

The company is under control of D Cooper by virtue of his majority shareholding.